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COPYRIGHT SOCIETIES
RULE 63. ACCOUNTS AND AUDIT

(1) Every copyright society shall maintain proper accounts of the royalties collected in a financial year, payments made out of such collections to the members, and other recurring and non-recurring expenditure incurred for meeting administrative and related matters, including the cost of litigation.

(2) The books of account shall be kept at the registered office of the society and shall be open for inspection by the members from time to time, subject to the conditions laid down by the General Body.

(3) Every copyright society shall get its accounts audited annually by a chartered accountant.